Industrial team appointed on south-east Melbourne sale

Industrial team appointed on south-east Melbourne sale

Strong interest is anticipated as we offer an 8,500sqm industrial site in Cheltenham, Victoria to the market.

The property at 330 Reserve Road, Cheltenham is being offered for sale via an Expressions of Interest campaign by Rook Salinger Directors David Black and Michael Hayden  in conjunction with agents CBRE.

Cheltenham is located about 19 kilometres south-east of Melbourne CBD. The property itself sits less than one kilometre from the affluent suburbs of Sandringham, Highett, Beaumaris and Black Rock and 750 meters from Southland Shopping Centre and the soon to be completed Southland train station.  The area is under transition away from traditional industrial use, moving towards higher value uses such as high-tech business parks, retail and mixed-use residential. For this reason the property offers a genuinely rare opportunity to purchase in a tightly-held pocket of south-east Melbourne.

The site currently houses warehouse and ancillary buildings totalling approximately 4,200sqm. It was rezoned from B3Z usage to Zone 2 Commercial in July 2013 and offers scope for a wide range of business activity (STCA). A key feature of the site is its wide frontage of over 68 metres.

Mr Black said, “Cheltenham is a sought-after area with limited availability. The size and location of this site will be attractive to developers keen to get into the area or to local owner occupiers.”